Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan Sells 24,500 Shares

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 24,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $1.02, for a total value of $24,990.00. Following the transaction, the chief financial officer now directly owns 1,439,588 shares of the company’s stock, valued at approximately $1,468,379.76. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Origin Materials Price Performance

Shares of ORGN stock opened at $1.28 on Thursday. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90. The business’s fifty day moving average price is $1.20 and its 200 day moving average price is $1.21. The firm has a market capitalization of $187.20 million, a PE ratio of -2.25 and a beta of 0.95.

Institutional Trading of Origin Materials

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Origin Materials by 464.0% during the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after buying an additional 23,200 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Origin Materials during the 2nd quarter worth approximately $31,000. Point72 DIFC Ltd acquired a new stake in shares of Origin Materials in the 2nd quarter worth approximately $50,000. Charles Schwab Investment Management Inc. purchased a new position in Origin Materials in the 3rd quarter valued at approximately $92,000. Finally, PBMares Wealth Management LLC raised its holdings in Origin Materials by 14.0% during the third quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

About Origin Materials

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.